Tax Overhaul’s New Withholding Calculations for Paychecks Are Released - News Summed Up

Tax Overhaul’s New Withholding Calculations for Paychecks Are Released


WASHINGTON—The Treasury Department on Thursday updated its rules for tax withholding from paychecks, changing calculations so most workers will start getting more take-home pay in February as a result of the recently passed tax law. The government estimates that more than 90% of workers will have bigger paychecks under the withholding changes, and it says employers should implement the changes by Feb. 15.


Source: Wall Street Journal January 11, 2018 19:01 UTC



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